Finance
Prime Minister Shri Narendra Modi met with H.E. Mr. Petteri Orpo, Prime Minister of Finland on the sidelines of the 3rd India-Nordic Summit in Oslo on 19 May 2026.
With the elevation of the bilateral relations to a Strategic Partnership in Digitalization and Sustainability, both Leaders emphasized the importance of strengthening collaboration between industry, research institutions, and academia. They underscored the pivotal role of sustainability and digitalization in driving future economic growth and development. They took stock of ongoing cooperation in the areas of trade & investment, digitalisation, AI, 5G/6G, quantum technologies, space, sustainability, renewable energy, circular economy, innovation, education, mobility and people-to-people ties.
Both sides also welcomed the steady growth in bilateral trade in goods and services despite global challenges and reaffirmed their commitment to doubling existing bilateral trade by 2030. Additionally, they welcomed the increasing presence of their leading technology companies in each other’s markets through expanded operations and partnerships. The Finnish side also appreciated the significant contributions of Indian professionals to the growth and innovation of Finland’s technology sector. The leaders also announced India and Finland jointly hosting the World Circular Economic Forum in September 2026 in Gandhinagar, Gujarat, India.
India and Finland share warm, friendly and multi-faceted relations, rooted in shared democratic values. Finland is a valued partner for India in the European Union and the Nordic region. Both leaders expressed satisfaction with the progress of the India-EU Strategic Partnership and underlined the importance of early entry into force of India-EU Free Trade Agreement. They exchanged views on regional and global developments, and on greater cooperation in international organizations.
Source: PIB
